Selection of Iraqi judges for the Arab Investment Court

Cairo-INA 

The Arab League announced today, Monday, that the Arab Investment Court aims to settle disputes arising from the implementation of the unified agreement for the investment of Arab capital in Arab countries, indicating that the court consists of judges from 13 countries, including Iraq.
 
The Arab League said in a statement received by the Iraqi News Agency (INA): that "The Secretary-General of the League of Arab States, Ahmed Aboul Gheit, received today, Monday the judges of the Arab Investment Court on the occasion of the issuance of the decision of the Economic and Social Council to appoint them as members of the court's body."
The official spokesman for the Secretary-General, Jamal Rushdi, confirmed according to the statement that "Aboul Gheit received the judges so that they can take the regular oath before starting their work in the court and holding the general assembly."
 
He added, "The purpose of establishing this court is to settle disputes arising from the implementation of the Unified Agreement for the Investment of Arab Capital in Arab Countries. This agreement, which entered into force in 1981, aims to enhance comprehensive Arab development and Arab economic integration, provide a suitable atmosphere for Arab-Arab investment, and facilitate the free movement of funds within Arab countries while protecting it with guarantees against non-commercial risks."
 
According to the statement, the court's body was formed in its new session, which begins its term in February for a period of 3 years, from 24 judges from 13 countries: Egypt, Mauritania, Yemen, Qatar, Iraq, Syria, Morocco, Jordan, Palestine, Bahrain, Sultanate of Oman, Saudi Arabia, and Lebanon.
 
The spokesman added that "Aboul Gheit was keen to listen to the judges, exchange talks with them, and inform them of the challenges facing the Arab region at various levels."